Japan Real Estate Investment's (TYO:8952) profit during the six months ended March 31 rose by 4.5% to 18.6 billion yen from 17.8 billion yen a year earlier, according to a filing with the Tokyo Exchange on Tuesday.
Profit per unit came in at 2,615 yen, up from 2,502 in the year-ago period.
Operating revenues jumped 3.3% year over year to 42.4 billion yen from 41.1 billion yen.
The real estate developer declared a dividend of 2,536 yen per unit for the period.
The company projected a profit of 19.1 billion yen and operating revenues of 43.9 billion yen for the fiscal half ending Sept. 30.
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